We are hiring a proactive and result-driven Equity Advisor for Aditya Birla Money in Delhi at Delhi-Jhandewalan.
About Aditya Birla Money Ltd:
Aditya Birla Money Ltd. (ABML) is primarily a Broking Company, deals in Equity, Commodity & Currency. Workforce of ~800 spread across ~40 locations with customer base of in excess of 3 lacs. Commodity operations are managed through its 100% subsidiary Aditya Birla Commodities Broking limited. ABML is one of the leading securities trading companies in the country. ABML operates in a fragmented equity broking business and has a daily turnover of close to 3,000 Crores with a market share of 1%. ABM works
in a highly regulated environment with a host of regulators like SEBI, RBI, AMFI, FMC, IRDA etc. regulating its day to day operations. In addition to the regulator ABML is also subject to close monitoring and inspection through various agencies like NSE / BSE / NCDX / MCX / NSDL / CDSL etc. ABML also operates in a highly competitive market mainly in fragmented industry with ABML competition from major National Broking houses like ICICI Securities, HDFC Securities, Angel Broking, MOFSL etc. and a range of local Broking outfits.
Job Responsibility:
· Acquiring Large Trader Clients with high margin
· Execution of transactions in Equities (Cash and Derivatives) Currency & Commodities
· Ensuring efficient and prompt management of orders based on customer request generating leads Selling/ advising third party products like Health Insurance, SIPs, Life Insurance, Mutual funds
· Day to day coordination with RMS, Activation Team, Surveillance and various other departments for smooth functioning of branch.
· Day to day approvals w.r.t to limits, commercials Shifting offline customers to online.
The major challenges for this profile include:
· Acquiring Larger Trader Clients amidst competitive markets
· Managing accurate order executions in volatile market conditions
· Changes in regulation is one of the biggest challenges with the regulator going strict on funding,margins etc.
· Encouraging them to transact and activating clients
· Encouraging the clients to transact to buy other ABC products.
· Changing the mindset of the Offline trader clients to adopt ONLINE platforms and then start transacting seamlessly.
The critical skill sets required to meet these challenges are strong understanding of equity markets, basic understanding of options and derivatives, meticulousness, pro-activeness, ability to work under pressure and superior communication skills. Comfort with OMNESYS, ODIN, NEAT, BOLT is highly preferable.
NISM VIII Series certification in Capital Markets / Derivatives is mandatory as per Exchange regulations.